Loans part of personal business matter: Mammoliti...
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Feb 15, 2013  |  Vote 0    0

Loans part of personal business matter: Mammoliti statement

York Guardian

York West Councillor Giorgio Mammoliti issued a written statement Friday, Feb. 15, responding to media allegations that he received $275,000 in loans from developers whose billboard applications he helped get approved at community council.

The reports indicate that Mammoliti had accepted a $200,000 loan in 2007 from Tradesea International, on which developer Mac Champsee worked as vice president. In 2004 and 2006, Mammoliti had made community council motions that supported billboard applications adjacent to Hwy. 401 in York West. He also allegedly accepted a $75,000 loan from a realtor who had applied for a billboard on another property in the area in 2009.

In his written statement, Mammoliti pointed out that he had done nothing illegal in supporting the sign application – and in fact had supported “hundreds of first and third party signs throughout my career.”

He said the loans issued were part of “a personal business matter involving a company owned and operated by my now ex-wife and the repayment of such loans have been dealt with as part of our divorce, which is still ongoing.”

Mammoliti said that he believed the Tradesea International loan had been “paid out in full with interest.”

Deputy Mayor Doug Holyday had opposed Mammoliti’s motions on the signs in 2009 because staff indicated the signs could provide a distraction to motorists.

“Staff were quite adamant in not allowing the signs to be put in. There were a lot of reasons for it – they didn’t fit our policies, the signs were too big, too tall, had a lot of information flashing on them,” Holyday said.

-with files from the Torstar News Network

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